Find the Present Value of an Annuity with Annual Payments $\quad P V = \$ 49,123.31$

Multiple Choice

Find the present value of an annuity with annual payments of $3,680 at 5.55%, compounded annually for 25 years.Round to the nearest cent.

A) $\quad P V = \$ 49,123.31$
B) $\quad P V = \$ 97,106.00$
C) $\quad P V = \$ 49,167.22$
D) $\quad P V = \$ 49,079.40$
E) $\quad P V = \$ 46,667.14$